Question
Prepare the adjusting journal entries for the following transactions.(If no entry is required for a transaction/event, select No Journal Entry Required in the first account
Prepare the adjusting journal entries for the following transactions.(If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Supplies for office use were purchased during the year for $740, of which $220 remained on hand (unused) at year-end.
Interest of $370 on a note receivable was earned at year-end, although collection of the interest is not due until the following year.
At year-end, salaries and wages payable of $4,800 had not been recorded or paid.
At year-end, one-half of a $3,200 advertising project had been completed for a client, but nothing had been billed or collected.
Redeemed a gift card for $720 of services.
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Get StartedRecommended Textbook for
Interpreting and Analyzing Financial Statements
Authors: Karen P. Schoenebeck, Mark P. Holtzman
6th edition
132746247, 978-0132746243
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